If you compare the increase in value of investment property in Kardinya, 6163 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this WA suburb was 0.83%.
Across a shorter period, Kardinya, 6163 has seen a median price increase of 2.74% over the last quarter.
Kardinya6163 is located in WA which offers an average discount of -8.00% to property investors. Kardinya itself is showing figures that indicate -6.42% is the average achievable by property buyers investing in the suburb.
Often selling an investment property can take time, and in Kardinya the average time real estate has been on the market is 81.6623 days.
Kardinya is 344th on a list of best yielding suburbs for rents in WA with a 3.64% return
With the median price for a house in Kardinya being $398500 and the advertised rent reaching $340 the gross rental yield for property investors calculates out to be 4.44%
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Median house price: $635,000
Stock on market: 35.0%
12-month growth: -1.2%
Kardinya, 7km from the Perth CBD, is popular with students, thanks to the nearby Murdoch University campus. It also has excellent public transport links to the city, a newly built hospital, and is loved by families for its leafy parks and proximity to the beach.
Historically a tightly-held suburb, stock has flooded onto the market in the past twelve months up 35%, with 100 houses listed this year, compared to 71 last year.
The median house price is currently $635,000 – down 1.2% since this time last year, although homes have clawed back by 0.8% in the past three months. Unit prices are down 1.5% for the quarter, with a median of $388,000. Despite the slight downturn, Kardinya has fare much better than many other suburbs in WA, which have seen prices drop by 20% or more over the past year.
Houses rent for an average of $400 per week, giving landlords a yield of 3.3%, while the median rent for units is $320 per week, yielding 4.3%.